Surging commodity prices have boosted the country’s energy exports, the central bank has said © Kirill KUDRYAVTSEV / AFP
Russia’s current account surplus almost doubled last year and hit a record high amid rising global energy prices and despite the imposition of Western sanctions, the country’s central bank reported on Tuesday.
The current account – which measures the difference between outgoing funds and money coming into the country through trade, investment and transfers – grew by almost 86% year-on-year in 2022 to $227.4 billion, the regulator’s preliminary data showed.
Continue reading “Russia posts record current account surplus”
